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20130216
20130224
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the glass-steagall act, and president bill clinton signed the repeal. >> it was a bipartisan repeal. >> right. it's a joke. that allowed the banks to make risky bets with their depositor's money. eight years later, our financial system collapsed. it's like a joke. this is a system that creates in the private enterprise a core mechanism and a logic that makes them do the very things that need regulation and then makes them evade or undo those regulations. >> you probably saw the recent story that facebook, which made more than $1 billion in profits last year, didn't pay taxes on that profit and actually got a $429 million rebate from you and me and all those other taxpayers out there. ge, verizon, boeing, 27 other corporations made a combined $205 billion in profits between 2008 and 2011 and 26 paid no federal corporate income tax. what will ultimately happen, richard, if the big winners from capitalism opt out of participating in the strengthening, nurturing, and financial support of a fair and functioning society? >> well, the worst example i just learned about a few days ago. and
Search Results 0 to 2 of about 3 (some duplicates have been removed)